Anheuser Busch: The First Round Is On Bud Shareholders [View article]
this should be perfectly simple: if there is more value in the enterprise above the current $70 offer then let the bidding begin. Forget about theoretical values associated with 4th generation family owned businesses, let the real smart $ bid. Where is the employee pension and 401k money? the owners taking it private? It won't happen because when you put your own $ on the line, squishy metrics and sentimentality will not carry the day. No one likes when the world changes but it always has and always will. Sorry St. Louis.
we're in the 4th inning, perhaps bottom of the 4th. Commodity bull markets historically last 15 to 20 years. the last one went from the mid 60's to the early 80's and went alot farther than anyone expected. I will sell gold when mainstreet jumps in and we are a long way from that. Lines at banks to buy coins would be just the kind of thing to kill the bull. The banks haven't even started advertising this but they will when the pain of financial asset losses and inflation become too great.
Why Commodities Are Likely to Struggle in 2008 [View article]
I admit that when I read your first point about politicians pointing to commodity exchanges and decrying market events, I pretty much stopped reading. So how is it a proof that when politicians rail against the sky that speculators must be the driving force in the markets? And that they have subsequently have decamped? If the logic where stronger it would only suffer less by being merely circular.
As to the cloying comments above I would ask: where was the chaos in 05, 06 and midway of 07? This period had gold in a solid but undiscernable (to most) upturn, lacking only the chaos mentioned above. While there are plenty of wildeyed goldbugs to be found in just about any market, sometimes they are right. Commodity markets, and, concommitant with them, financial system duress and dysfunction have a long and clear market cycle. I think we are in the top of the 4th inning.
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